Citigroup plans to raise more than $3bn for its private-equity and hedge funds, even as US lawmakers consider banning banks from owning and investing in so-called alternative funds, people with direct knowledge of the plan said.
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Mark Fleming, First American’s chief economist, said housing market potential climbed to the highest level since January 2018.
The lowest mortgage rates have ever been was around Thanksgiving 2012 when the interest rate for a 30-year fixed-rate mortgage fell to 3.31% (according to Freddie Mac data), but rising panic over the coronavirus could drive rates to lows never seen before. HW+ Premium Content